Parties
Company
Rumble Inc.
Company
CF Acquisition Corp. VI
On September 16, 2022, Rumble Inc. ("Rumble"), the neutral video-sharing platform, and CF Acquisition Corp. VI (Nasdaq: CFVI) announced the completion of their previously announced business combination.
The business combination was approved at a special meeting of stockholders of CFVI on September 15, 2022. The combined company will operate as Rumble Inc. going forward and its common shares and warrants are now trading on the NASDAQ Stock Exchange under the ticker symbols "RUM" and "RUMBW" respectively.
The transaction provides Rumble with approximately $400 million in gross proceeds, including approximately $85 million of proceeds from a PIPE financing, $15 million from a Forward Purchase Investment, and approximately $300 million of cash held in a trust account.
Bennett Jones LLP, Hughes Hubbard & Reed LLP, and Ellenoff Grossman & Schole LLP acted as legal advisors to CFVI, while Cantor Fitzgerald acted as financial and capital markets advisor.
DLA Piper Canada LLP and Willkie Farr & Gallagher LLP acted as legal advisors to Rumble, with Guggenheim Securities, LLC as the exclusive financial advisor and Oppenheimer & Co. Inc. and D.A. Davidson & Co. as capital market advisors.
THe DLA Piper team was led by Noam Goodman and Russell Drew, with assistance from Kevin Fritz, Derek Bell, Amanda Vogeli, Sangeetha Punniyamoorthy, Kevin Wright, Stephen Viscomi, Katelyn Ellins, Grace Latimer, Brendon Smith, Yue Liu and Jenny Du.
Deal Type
Merger & AcquisitionIndustry
Tech/Computer/ITTransaction
$ 400,000,000Deal Status
ClosedClosing Date
16 September 2022